The recent announcement of President Donald Trump concerning the creation of an American strategic reserve including several altcoins has changed the market. If Bitcoin has increased by 10%, its domination on the Crypto market has briefly passed under the symbolic bar of 50%, a first for a long time.
Trump diversifies the strategic reserve beyond Bitcoin
US President Donald Trump has created surprise by announcing that the United States would constitute a Crypto strategic reserve including not only Bitcoin, but also XRP, Solana and Cardano.
This statementmade on Truth Social, immediately caused a shock on the Crypto market. If Trump later said that Bitcoin and Ether would be at the heart of the reserve, the inclusion of altcoins has nevertheless had a considerable impact.
There Bitcoin dominationwhich represented 55.4% of the total capitalization of the crypto market, fell suddenly at 49.6% in the hours following the announcement. This fall is explained by the spectacular flight of the altcoins mentioned by Trump: Cardano jumped 60.3%, XRP of 34.7%, Solana of 25.5% and the Ether of 13.1% in 24 hours. Bitcoin only increased by 10%, reaching $ 94,220.
This decision surprised many experts, including Peter Schiff, however notorious critic of Bitcoin, who declared to understand the logic of a bitcoin reserve but not that of a reserve including XRP.
Jeff Park, strategist at Bitwise, described this decision as ” Huge political calculation error “, While Nick Neuman, CEO of Casa, said that” The only crypto active that has a logical meaning within the framework of the strategic reserve of a country is bitcoin. »»
State resistances despite the federal impulse
Despite the signing of an executive order by Donald Trump authorizing the constitution of a Bitcoin strategic reserve and the appointment of David Sacks as “Crypto Tsar”, the initiative meets obstacles at the level of states. Of the 33 states that proposed laws protecting rights to self-distention, 28 also submitted projects to create a Bitcoin Strategic Reserve.
However, four states have already rejected this proposal: Montana, Northern Dakota, Wyoming and Pennsylvania. These refusals raise questions about the national viability of the project, despite its potential advantages in terms of independence from the federal government.
Currently, 24 States are still examining the possibility of creating their own reserve, with Arizona and Oklahoma close to the final adoption. Utah is only waiting for the second approval of the Chamber to formalize its Bitcoin Strategic Reserve Act, which could trigger a domino effect among other states.
The first summit of the White House on the Crypto will be held on March 7, bringing together industry leaders to discuss regulatory policies and the supervision of Stablecoins, under the chairmanship of David Sacks and the administration of Bo hines. This summit could be decisive for the future of this controversial initiative, which already profoundly transforms the Crypto market.
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